Ten-year Treasury note futures are near a multi-decade high but will encounter resistance just above it. Numerous bullish patterns suggest that ten-year Treasury note futures will soon make a new high for the multi-decade bull market. The existing high was made in December 2008 at 128^22.5. But a cluster of Hidden Pivots will provide heavy resistance just above that level. If the futures can get past a midpoint pivot at 127^12, then the odds of an attack on the existing high will increase. “D” targets just above the bull-market high are located at 128^27.5 and 129^07. (Posted by Doug McLagan) _______ UPDATE (Saturday, November 13): The rally peaked below the midpoint pivot that we were watching, and a quick drop of more than a point-and-a-half ensued. This cancelled the smaller pattern in the attached picture and its 127^12 and 128^27.5 targets. A decline to below 125^01.5 would be bearishly impulsive on the daily chart.